Poles made from XTB 10 years a brokerage house bigger than all Romanian market heinz del monte fcu
Quizzes Product Wall Street Journal Wall Street Lunch My Top business on the move Transform IT Business Profile Emblem Wall Street Lunch buildings in Romania Romania Romania Trade Exchange Online Discover heinz del monte fcu war in my rack your new Office Business All About Offshore A place holiday, a manager EcoBusiness New Generation in Business
In about ten years Poland's Jakub Zablocki managed to make the XTB a brokerage firm that the last evaluation exceeded 1.1 billion zlotys (262 million), more than all Romanian brokerage houses together. What is one of the secrets to success? "Rather than try to fight on the same slice with many others, better make your own market," says one of the company officials.
At the beginning, XTB was the first Forex brokerage house in Poland, which focuses segment today, even if the activity is in constant diversification. In 2007, the company began to expand globally reaching strong to have over 25,000 customers and 20 branches in Europe, Asia and South America.
Former currency trader within the BRE Bank, Jakub Zablocki launched into the world of entrepreneurship in 2002. Eight years later, Enterprise Investors, one of the largest private equity firm in Central and Eastern Europe, bought less than 20% of XTB for 57 million euros.
Zablocki is expensive in statements to the press, in a brief discussion in the halls unscheduled company only talks in general about XTB development efforts, then apologize and go on a date. Polish lead and holds the majority stake of XTB but has built a small army of subordinates who know very well the area and that, unlike many in the Romanian capital market, real interest talk about the work that place.
"Let me interrupt you get lost in details or if they start to bore you," Piotr Baszak speech begins, head of the XTB Trading and a member of the Board of the company, after the company begins to present the work of Polish traders.
"Our traders do not even speak directly to customers and do not know who they are. Any client is free to do what he trades without being influenced by traders. The investor has an individual number and so. " And then what is the role of traders? logical question heinz del monte fcu comes. "To heinz del monte fcu supervise the work. See that someone bought, somebody sold, check algorithms and take care that everything is within normal parameters, "says Baszak.
"In total we have 20 traders working in three shifts of eight hours to cover the entire day. Because transactions in the forex market practically never stop, we have very few days off, except for holidays, last year we had two days off for the holidays, "the director mentions trading.
XTB most business focuses on retail customers, which brings the most revenue for the Polish group. Follow companies that use the forex market to protect the then exchange rate fluctuations heinz del monte fcu and financial institutions.
Intermediates brokerage transactions on the Warsaw Stock Exchange shares (WSE), but this remains one secondary segment XTB. In May 2013, the company ranked heinz del monte fcu in the top 37 of the 55 brokers on WSE after brokered trades heinz del monte fcu 10.3 million.
For comparison, the Swiss Capital, the largest brokerage house operating on the Bucharest Stock Exchange, had in 2011 a net profit of 7 million (1.5 million heinz del monte fcu euros) and turnover of 18.4 million ( 4 million). Most other Romanian brokerage firms have been a loss but because heinz del monte fcu volumes have plummeted during the crisis. Investors vs. "Robots" or Soros vs Algorithms - who wins the battle in the financial market?
"Do not expect to see in the department of trading traders screaming on the phone or run with orders for purchase / sale. 99% of what we do is online. heinz del monte fcu A lot of deal sites rely on algorithms, this is the future heinz del monte fcu in brokerage. And the algorithms sometimes have problems, that's heinz del monte fcu why traders are still important, because we need to ensure that everything heinz del monte fcu is okay, "said heinz del monte fcu Piotr Baszak.
Globally, increasingly heinz del monte fcu more brokerage houses, banks, and private investors algorithms are used to exchange the stock or currency markets. Many so-called "robot" trading is based on software that can generate in seconds thousands heinz del monte fcu of buy and sell orders, according to pre-established formula.
Investors can choose a version ma
Quizzes Product Wall Street Journal Wall Street Lunch My Top business on the move Transform IT Business Profile Emblem Wall Street Lunch buildings in Romania Romania Romania Trade Exchange Online Discover heinz del monte fcu war in my rack your new Office Business All About Offshore A place holiday, a manager EcoBusiness New Generation in Business
In about ten years Poland's Jakub Zablocki managed to make the XTB a brokerage firm that the last evaluation exceeded 1.1 billion zlotys (262 million), more than all Romanian brokerage houses together. What is one of the secrets to success? "Rather than try to fight on the same slice with many others, better make your own market," says one of the company officials.
At the beginning, XTB was the first Forex brokerage house in Poland, which focuses segment today, even if the activity is in constant diversification. In 2007, the company began to expand globally reaching strong to have over 25,000 customers and 20 branches in Europe, Asia and South America.
Former currency trader within the BRE Bank, Jakub Zablocki launched into the world of entrepreneurship in 2002. Eight years later, Enterprise Investors, one of the largest private equity firm in Central and Eastern Europe, bought less than 20% of XTB for 57 million euros.
Zablocki is expensive in statements to the press, in a brief discussion in the halls unscheduled company only talks in general about XTB development efforts, then apologize and go on a date. Polish lead and holds the majority stake of XTB but has built a small army of subordinates who know very well the area and that, unlike many in the Romanian capital market, real interest talk about the work that place.
"Let me interrupt you get lost in details or if they start to bore you," Piotr Baszak speech begins, head of the XTB Trading and a member of the Board of the company, after the company begins to present the work of Polish traders.
"Our traders do not even speak directly to customers and do not know who they are. Any client is free to do what he trades without being influenced by traders. The investor has an individual number and so. " And then what is the role of traders? logical question heinz del monte fcu comes. "To heinz del monte fcu supervise the work. See that someone bought, somebody sold, check algorithms and take care that everything is within normal parameters, "says Baszak.
"In total we have 20 traders working in three shifts of eight hours to cover the entire day. Because transactions in the forex market practically never stop, we have very few days off, except for holidays, last year we had two days off for the holidays, "the director mentions trading.
XTB most business focuses on retail customers, which brings the most revenue for the Polish group. Follow companies that use the forex market to protect the then exchange rate fluctuations heinz del monte fcu and financial institutions.
Intermediates brokerage transactions on the Warsaw Stock Exchange shares (WSE), but this remains one secondary segment XTB. In May 2013, the company ranked heinz del monte fcu in the top 37 of the 55 brokers on WSE after brokered trades heinz del monte fcu 10.3 million.
For comparison, the Swiss Capital, the largest brokerage house operating on the Bucharest Stock Exchange, had in 2011 a net profit of 7 million (1.5 million heinz del monte fcu euros) and turnover of 18.4 million ( 4 million). Most other Romanian brokerage firms have been a loss but because heinz del monte fcu volumes have plummeted during the crisis. Investors vs. "Robots" or Soros vs Algorithms - who wins the battle in the financial market?
"Do not expect to see in the department of trading traders screaming on the phone or run with orders for purchase / sale. 99% of what we do is online. heinz del monte fcu A lot of deal sites rely on algorithms, this is the future heinz del monte fcu in brokerage. And the algorithms sometimes have problems, that's heinz del monte fcu why traders are still important, because we need to ensure that everything heinz del monte fcu is okay, "said heinz del monte fcu Piotr Baszak.
Globally, increasingly heinz del monte fcu more brokerage houses, banks, and private investors algorithms are used to exchange the stock or currency markets. Many so-called "robot" trading is based on software that can generate in seconds thousands heinz del monte fcu of buy and sell orders, according to pre-established formula.
Investors can choose a version ma
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